During the last session, Southwest Airlines Co (NYSE:LUV)’s traded shares were 36.92 million, with the beta value of the company hitting 1.13. At the end of the trading day, the stock’s price was $27.26, reflecting an intraday loss of -6.96% or -$2.04. The 52-week high for the LUV share is $39.53, that puts it down -45.01 from that peak though still a striking 19.63% gain since the share price plummeted to a 52-week low of $21.91. The company’s market capitalization is $16.26B, and the average trade volume was 8.23 million shares over the past three months.
Southwest Airlines Co (NYSE:LUV) trade information
Southwest Airlines Co (LUV) registered a -6.96% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.96% in intraday trading to $27.26, hitting a weekly high. The stock’s 5-day price performance is -6.19%, and it has moved by -4.05% in 30 days. Based on these gigs, the overall price performance for the year is -12.88%.
Southwest Airlines Co (LUV) estimates and forecasts
Statistics show that Southwest Airlines Co has outperformed its competitors in share price, compared to the industry in which it operates. Southwest Airlines Co (LUV) shares have gone up 14.06% during the last six months, with a year-to-date growth rate more than the industry average at -5.10% against -5.50. In the rating firms’ projections, revenue will increase 8.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.42B as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 7.63B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.73B and 7.04B respectively. In this case, analysts expect current quarter sales to grow by 12.10% and then jump by 8.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -29.89%. While earnings are projected to return -14.53% in 2024, the next five years will return 20.50% per annum.
LUV Dividends
Southwest Airlines Co is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Southwest Airlines Co is 0.72, with the dividend yield indicating at 2.64 percent, continuing the trend of increasing dividends in recent years.
